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Anti-trust committee fines shipping companies engaged in clothing imports
14:02 - 27.05.11
The State Committee for Protection of Economic Competition has imposed
fines on several companies engaged in clothing imports for having
increased transportation fees for local traders.
At its meeting on Thursday, the committee decided that four companies-
Four Friends, SOHO, Profimportex and Nanis - should pay a total of 100
million drams (about $270,00) fine for charging higher fees for
clothing imported from China and Turkey.
The Committee found that those companies violated the law by raising
the transportation fees by 100% since January.
It had previously notified the companies officially that the customs
duties for Chinese and Turkish products will remain unchanged.
Subsequent studies by the committee revealed that the problem was
between brokers and the dealers. The committee launched an
administrative proceeding against the companies, demanding that the
they summit justifications. The latter argued that their policies were
justified given that the service prices (storehouse fees and fuel
prices) in Turkey had gone up.
The Committee's Chairman Artak Shaboyan noted, however, that their
inspections revealed no economic justification. The committee ruled
that the companies had concluded an anti-trust deal, increasing their
service prices.
The companies have been fined in accordance with the new anti-trust
law which allows the Committee to impose higher fines on the companies
violating the law.
Tert.am
From: A. Papazian
14:02 - 27.05.11
The State Committee for Protection of Economic Competition has imposed
fines on several companies engaged in clothing imports for having
increased transportation fees for local traders.
At its meeting on Thursday, the committee decided that four companies-
Four Friends, SOHO, Profimportex and Nanis - should pay a total of 100
million drams (about $270,00) fine for charging higher fees for
clothing imported from China and Turkey.
The Committee found that those companies violated the law by raising
the transportation fees by 100% since January.
It had previously notified the companies officially that the customs
duties for Chinese and Turkish products will remain unchanged.
Subsequent studies by the committee revealed that the problem was
between brokers and the dealers. The committee launched an
administrative proceeding against the companies, demanding that the
they summit justifications. The latter argued that their policies were
justified given that the service prices (storehouse fees and fuel
prices) in Turkey had gone up.
The Committee's Chairman Artak Shaboyan noted, however, that their
inspections revealed no economic justification. The committee ruled
that the companies had concluded an anti-trust deal, increasing their
service prices.
The companies have been fined in accordance with the new anti-trust
law which allows the Committee to impose higher fines on the companies
violating the law.
Tert.am
From: A. Papazian